SeaDream abandons newbuild ship, Innovation

Termination follows "mutual understanding" with Damen Shipyards Group

SeaDream Yacht Club has terminated an order for a new ship that was planned to launch in September 2021. Announced in May 2019, SeaDream Innovation was billed as a revolutionary yacht that would herald a “new era” of luxury yachting.

“SeaDream will offer a true yachting lifestyle, featuring anticipatory service, five-star dining, luxury accommodations, generous outdoor spaces and inspiring itineraries,” the company boasted of the new ship earlier this year, its first new yacht since launching with SeaDream I and SeaDream II in 2001.

SeaDream had enlisted Romanian shipbuilder Damen Shipyards Group to build the 155-metre ice-class Polar Code 6 vessel, the company’s first cruise ship contract. Itineraries for the 110-suite SeaDream Innovation had already been set in place, including a 70-day Grand Voyage from London to Ushuaia.

The cruise company and Damen said in a statement that they have “in good faith and with mutual understanding decided not to proceed with the building of a new ship for SeaDream”.

“Both parties are open to potential future projects and collaboration.”

Andreas Brynestad, Executive Vice President, said feedback from past guests and the market in general had been “overwhelming, despite the ship not being scheduled for delivery for almost two years”.

All booked guests on SeaDream Innovation are being contacted and will be provided full refunds, Brynestad said.

SeaDream added that the company is “actively pursuing other newbuild opportunities”.

Atle Brynestad, SeaDream Owner and Chairman, said, “The company has been debt free for several years and has the equity needed to expand the fleet. We hope to announce a new ship in 2020.”

Current plans of refurbishing the suites on SeaDream I and II will proceed as previously announced, starting with SeaDream II in spring 2020.

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